Please answer questions 1-12 with formulas and step by step.

I did them myself but am not sure if Im correct. Ignore pencil markings.

Thank you so much Im advance

Scully Corporation Income Statement Year ended Dec 31, 2016 (all numbers in 000's) Nehod r -5bck L.td? Sales Less: Cost of goods sold Gross profit Less: Expenses Net income S100,000 60.000 $ 40,000 $25,000 W cO S15,000 thush Additionul information FIRST A co equ Credil terms granted to customers are 90 days Average industry holding period for inventory is 60 days. The market price per share at the end of 2016 was $20 Industry average price earnings ratio for simiiar companies is 7 Average payout ratio is aboul 40 percent for similar companies Required a. What is the networth of the Scully Corporation? b. Compute the following ratios for 2016. 1. Current ratio 2 2. Acid test ratioD 3. Receivables turnover and collection period 4. Inventory turnover and holding period 4.4 a. Profit margin 1S 6. Asset turnover iteertakg 7. Return on assets 13:57 8. Return on common stockholder's equity 167 9. Debt to assets ratio Pr 10. Eamings per share 12. Payout ratio 11. Price earnings ratio